--> DRI +1.3% pre open
Darden Restaurants beats by $0.10, reports revs in-line; raises FY16 EPS above consensus; Q1 comps +3.4%;
Reports Q1 (Aug) earnings of $0.68 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.58; revenues rose 5.7% year/year to $1.69 bln vs the $1.67 bln consensus. Q1 Same-restaurant sales increased 3.4% for the quarter.
- Co issues raised guidance for FY16, sees EPS of $3.15-3.30 from $3.05-3.20 vs. $3.13 Capital IQ Consensus Estimate. Co reaffirms FY16 U.S. same-restaurant sales growth at 2.0% to 2.5%.